Some Oil Marketing Companies (OMCs) in Ghana have begun adjusting fuel prices at the pumps, with mixed changes that could add pressure on consumers already dealing with high living costs.
While petrol prices have seen a slight drop in some locations, diesel prices are on the rise, effectively ending the consistent downward trend in fuel prices observed since February 2025.
At GOIL, the price of petrol has decreased marginally from GH₵12.38 per litre (as of June 9) to GH₵12.07.
However, the price of diesel has increased from GH₵12.88 to GH₵13.20 per litre.
Shell, on the other hand, has raised both petrol and diesel prices. Petrol is now selling at GH₵12.08 per litre, up from GH₵11.98, while diesel has climbed from GH₵12.85 (quoted on June 16) to GH₵13.25.
PETROSOL is currently offering the lowest price for petrol at GH₵11.98, but is charging GH₵13.98 per litre for diesel—one of the highest on the market.
These adjustments signal the end of five months of gradual fuel price reductions, a trend that had offered temporary relief to consumers and businesses.
The Chamber of Oil Marketing Companies recently projected a 2% increase in petrol prices and a 5% increase in diesel prices, citing market conditions.
However, the Chamber of Petroleum Consumers (COPEC) has pushed back, arguing that the price hikes are unjustified and could have been avoided.
Worse may be yet to come. Starting July 16, 2025, OMCs will be required to apply the newly introduced Energy Sector Recovery Levy of GH₵1.00 per litre.
Industry analysts warn this could trigger a sharp increase of up to GH₵1.93 per litre at the pumps, further straining household budgets and transportation costs.
With these increases looming, consumers are being urged to brace for higher fuel costs in the weeks ahead.
